Accounting, Auditing & Attest Services


Auditing Distributed Ledgers and Blockchains
 

Auditing Distributed Ledgers and Blockchains

Posted: April 1, 2019
In order for distributed ledger technology to provide audit efficiency and audit quality, accountants must understand how to use and audit the technology. Auditing distributed ledger technology will vary depending on whether it is a public or private network.

AICPA Issues Guidance on Prior-Period Audits
 

AICPA Issues Guidance on Prior-Period Audits

Posted: March 27, 2019
Auditors should perform and report on prior-period audits in accordance with auditing standards in effect at the time the engagement is performed, according to nonauthoritative guidance issued by the AICPA.


The Power of Intelligent Automation
 

The Power of Intelligent Automation

Posted: January 29, 2019
In the audit profession, we have reached the next milestone in the transition from manually driven activities to processes that are increasingly automated. Most of the traditional tools experience massive change, as digital tools and, more specifically, intelligent automation take on what has traditionally been handled through manual processes.

4 Tips to Identify Audit Client Risks
 

4 Tips to Identify Audit Client Risks

Posted: November 26, 2018
Before diving into your next audit, be sure to gain an understanding of your client and their controls so that you can identify their risks. With this information, you can determine the appropriate audit procedures to perform.

Critical Audit Matters Coming into Focus
 

Critical Audit Matters Coming into Focus

Posted: October 17, 2018
As public company auditors prepare to deliver new information in auditors’ reports, firms need to develop consistent processes for determining what should be disclosed.


Outsourcing the Audit: Is it Right for Your Firm?
 

Outsourcing the Audit: Is it Right for Your Firm?

Posted: August 2, 2018
CPAs likely will never totally outsource a function that requires judgement and professional skepticism to ensure that the clients’ financial statements are fairly presented. However, CPA firms need to be open to filling the talent gap with some level of outsourced support, AI and emerging technologies in order to stay competitive in the marketplace.

Remote Auditing — A Millennial
 

Remote Auditing — A Millennial's Perspective

Posted: August 1, 2018
Remote auditing should be able to automate the boring stuff (manual tasks) and reserve the face time for value-added activities and resolving difficult situations. Ticking and tying as well as verification of client data to third parties involves the auditor and a third party, not necessarily a client, therefore that can be done anywhere.

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